PET - Plain English Taxonomy

Attribute: BSAO13133
Concept:
Label: Number of Goods Financed Under New Lease Commitments - Operating Leases
Concept Guidance:
This is the number of goods financed, or to be financed, under operating leases, for which new commitments have been provided by the reporting party during the relevant period, regardless of whether or not they have subsequently been withdrawn, or cancelled, during or after the period. This excludes commitments for commercial hire purchase agreements, for debt participation in leverages lease agreements, and for leveraged leases which are finance leases where the lessor provides a portion of the finance, with the major portion usually provided by long-term creditors and where the creditor's recourse to the lessor is restricted to the proceeds from disposal of the leased asset and any unremitted lease payments.                                                                                                                                             A commitment is a firm offer to provide finance which has been accepted by the client. A commitment generally exists once the loan application has been approved, and a loan contract or letter of offer has been issued to the borrower. An Operating Lease is a lease under which the lessor effectively retains substantially all the risks and benefits incidental to ownership of the leased asset. This excludes hire purchase agreements; or commitments for, or for debt participation in, leveraged leases. 
Dimensions
Dimension Member Description
(HeavyTruckNew)
Information in relation to the intended purpose of the counterparty in regards to loan agreements entered into by the entity.
Information in relation to loan agreements entered into by the reporting party for the purpose of purchasing or leasing new heavy trucks (i.e. those which have not previously been owned and used by others).This may include for example, vehicles with a gross combination mass rating in excess of 3.5 tonnes (this includes prime movers registered without trailers). This excludes for example, passenger carrying trailer combinations and non-freight carrying vehicles.